If the nominal GDP is $559 billion in the base year, and it rises to 577 in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (26 reviews)
Computation of the Real GDP for that year Formula Real GDP nominal GDP 100 price ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Introduction to Finance Markets, Investments and Financial Management
ISBN: 978-1119398288
16th edition
Authors: Ronald W. Melicher, Edgar A. Norton
Question Posted:
Students also viewed these Economics questions
-
An investor purchased 200 shares of Mallard common stock at $20 per share on March 15. On December 31, the stock was quoted at $19 per share and Mallard declared and paid a dividend of $1.50 per...
-
Nominal GDP has risen more rapidly than real GDP since World War II in the United States, suggesting that: A. The general price level has declined B.The general price level has increased C....
-
If nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105, a. What is the percentage increase in nominal output? b. What is the percentage increase in the...
-
Given the graph of a degree 5 polynomial below, complete the table of values for either the x-value of a zero, or the multiplicity of the zero. Write roots in order from least to greatest. Root with...
-
Leeds Architectural Consultants uses a job-order costing system and applies studio overhead to jobs on the basis of direct staff costs. Because Leeds Architectural Consultants is a service firm, the...
-
Create a sequence for populating the Customer# column of the CUSTOMERS table. When setting the start and increment values, keep in mind that data already exists in this table. The options should be...
-
Redwing Floor Coverings, Inc., reported the following summarized data at December 31, 2009. Accounts appear in no particular order. Requirement 1. Prepare the trial balance of Redwing Floor Coverings...
-
Why do better decision regarding the purchasing and managing of goods for sale frequently cause dramatic percentage increases in net income?
-
Group Integrative Problem 2 FINA 5260: Principles of Finance Bank Interview Exam Assume that you are nearing graduation and that you have applied for a job at a local bank. As part of the banks...
-
Bob and Melissa Grant are married and live in Lexington, Kentucky. The Grants have 17-year old twin daughters. The Grants would like to file a joint tax return for the year. The following information...
-
If a portfolio had a return of 8%, the risk free asset return was 3%, and the standard deviation of the portfolio's excess returns was 20%, calculate the Sharpe measure.
-
The balance sheet that follows indicates the capital structure for Nealon Inc. Flotation costs are (a) 15 percent of market value for a new bond issue, and (b) $2.01 per share for preferred stock....
-
From 2002 to 2016, the age-adjusted incidence rate of invasive lung and bronchial cancer among women can be closely approximated by (t) = -0.0723t 2 + 0.723t + 52.0, where t is the number of years...
-
Four GAAS are included in this chapter. Listed below are items pertaining to these standards: 1. Being unbiased during the audit. 2. Preparing an audit program. 3. Taking continuing professional...
-
A cardiologist is interested in the mean recovery period of her patients who have had heart attacks. identify: a. the population, b. the sample, c. the parameter, d. the statistic, e. the variable,...
-
a. What is a CPA expected to do in completing a compilation engagement for a nonpublic entity? b. Enumerate the essential aspects of the accountant's report on a compilation service.
-
What forms of business organization are permitted under Rule 505-Form of Practice and Firm Name?
-
Charles Burke, CPA, has completed field work for his examination of the Willingham Corporation for the year ended December 31, 19X0, and now is in the process of determining whether to modify his...
-
Explain why each of the following industries is an oligopoly, not a perfectly competitive industry. a. The world oil industry, where a few countries near the Persian Gulf control much of the worlds...
-
Differentiate the following terms/concepts: a. Personality types and money attitudes b. Planners and avoiders c. Moderating and adapting to biases d. "Perfectible judges" and "incorrigible judges"
-
Consider theM/M/1 queueing model, and denote by T the amount of time a randomly chosen customer spends in the system. We consider the stationary regime and take for granted that the r.v. K, the...
-
Firefly Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at October 31, the end of the fiscal year, the following...
-
Which of the following accounts will usually appear in the post-closing trial balance? a. Accounts Payable b. Accumulated Depreciation c. Cash d. Depreciation Expense e. Fees Earned f. Office...
-
An accountant prepared the following post-closing trial balance: Prepare a corrected post-closing trial balance. Assume that all accounts have normal balances and that the amounts shown arecorrect....
-
Jeremy Pruitt Ltd is considering the replacement of a delivery truck. The current truck could last for three more years. Operating costs are 5000 per year. We are currently depreciating it at 4000...
-
PJ Ltd Co. has been contracted to supply two products S & T worth 500 pieces, the joint cost function for the two varieties is given as: C = 100S2 +150T2. The quantity of S and T are not specified...
-
As a long-term investment at the beginning of the 2024 fiscal year, Florists International purchased 30% of Nursery Supplies Incorporated's 8 million shares of capital stock for $30 million. The fair...
Study smarter with the SolutionInn App